Myers Motors Launches Lithium Ion Initiative

Myers' new electric vehicle will have double the range of current NgM because of new batteries that should last for about 1500 charge/discharge cycle, promising 10 years of life or 100,000 miles.

Published: 19-Jun-2008

In addition to doubling the driving range, the new batteries should last for about 1500 charge/discharge cycles. That means that for people driving 40 miles a day, the batteries should last about 10 years, or 100,000 miles.

At the $0.02 per mile it costs for electricity (depending on local electricity rates), a lithium-powered NmG owner would pay about $2,000 to drive that 100,000 miles. Compare that to a 20 mpg gasoline-powered car’s almost $20,000 at $4 a gallon for gas to go that same distance. The same scenario in a 30 mpg car would cost just over $13,000 for 100,000 miles, while the driver of a hybrid electric vehicle reaching 48 mpg would still pay about $8,000 to drive the same distance.

Details about the next Myers Motors’ vehicle remain confidential, but Myers remains confident that his company can continue their leadership in the highway-legal electric vehicle market. “The next generation vehicle is designed with mass production in mind, which will allow us to offer it at an even more competitive price,” stated Myers. “But for those who can’t wait until next year, we are opening our sales to consumers while the limited supply of our existing vehicle last.”

The Myers Motors team continues building a future in which electric cars are the norm for daily transportation needs. Myers Motors manufactures the vehicles at their production facility in Tallmadge, Ohio, a small community near Akron. For more information visit Myers Motors at: www.myersmotors.com.

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